Author: Press Room
Stay informed with free updatesSimply sign up to the US equities myFT Digest — delivered directly to your inbox.Investors who slashed their equity exposure during a bout of market volatility in early August sharply increased their holdings as global stocks rebounded last week, Deutsche Bank flow data shows.In a sign of how quickly markets have recovered from the dramatic sell-off, positioning among discretionary investors — who judge when to buy or sell — last week “jumped sharply to fully recoup [the previous week’s] decline and is now well above average again”, Deutsche said in a note on Monday. Cash poured…
Kamala Harris filed paperwork Monday morning to begin planning for a potential presidential transition – a standard move for a non-incumbent candidate but also another measure of her rushed campaign launch. Former President Donald Trump announced his own transition committee last week. To lead the effort, CNN has learned that Harris is tapping the same person who ran the process for Joe Biden four years ago: Yohannes Abraham, the current Indonesia-based US ambassador to the Association of Southeast Asian Nations. Abraham and Harris worked together closely on the last transition and then when he was the first chief of staff to the National…
The IRS has issued interim guidance for a new opportunity for taxpayers created under SECURE 2.0 that allows employers to make matching contributions to retirement plans based on employees’ student loan payments. The match amount is calculated as if the employee contributed their loan amount to the plan even if they did not make any elective contributions. The reason for the legislation is simple: those repaying student loans may not be in a position to also stash funds away for retirement. That means that they’re not only missing out on retirement savings—but also the matching contribution. Under the new law,…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.490% as of August 12, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.625%, which is also unchanged from Friday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between August 12 and August 18:Rates on 3-year fixed-rate loans averaged 16.06%, up from 15.88% the seven days before and from 15.49% a year ago.Rates on 5-year fixed-rate loans averaged 21.23%, down from 21.80% the previous seven days and up from 19.10% a year ago. Personal…
Victoria M. Walker always overtips on vacation.The travel writer is of the opinion that “tipping should be second nature,” especially when staying at a hotel. Some of her friends don’t feel this way, an uncomfortable truth she learned while on a trip with them.”Some people I travel with aren’t big into tipping,” she says. “Their stance is that the resort is paying the workers’ salary. And it’s like, ‘no.'”Vacationing with friends can reveal differences in how you handle money and perceive etiquette at the most inconvenient time: when you’re already at the destination.”A bad tipper is always going to rub…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : Wall Street’s comeback continued into this new week with the S & P 500 and Nasdaq on pace for their 8th straight session of gains. Although we like the market, we have one problem. It’s the S & P Oscillator , a technical tool that helps us figure out if the market is overbought and due for a rest, or oversold and positioned for the rally. The Oscillator has…
Tractor Supply Co. John Deere. Now Harley-Davidson. Harley-Davidson said Monday that it’s ending diversity and other progressive initiatives at the company. Harley-Davidson is the latest major American brand to backtrack from DEI policies it had supported in recent years. Harley-Davidson faced pressure online from Robby Starbuck, a conservative activist who has successfully taken on DEI policies at several American companies. “We are saddened by the negativity on social media over the last few weeks, designed to divide the Harley-Davidson community,” the company wrote in a statement posted on X. The company added that “we have not operated a DEI function…
Investment Thesis Taylor Devices (NASDAQ:TAYD) reported a nice quarter and full year results for 2024, setting record high sales and profits. Backlogs continues to be healthy and the company shows no signs of slowing down fundamentally, but the valuation is pretty fair. Given the company’s experience, track record, and growing momentum in fundamentals, I think the company’s products are high-quality and efficiently produced seeing that profit margins have expanded from 15.6% to 20.2%. However, at around 20x trailing earnings the stock seems reasonably priced and I think some talks of economic slowdowns may cause revenue growth to slow, specifically in…
Hello and welcome to the working week.The next seven days are not all about the US, just mostly. The headline act will be the Democratic National Convention, which officially kicks off at the United Center in Chicago on Monday with more than 50,000 people expected to attend over the following few days, including FT colleagues. The DNC is an act of choreography to make an Olympic opening ceremony look like the Gloucester cheese-rolling contest, with momentum gradually building over the week. This year will feature speeches by President Joe Biden, then former presidents Barack Obama and Bill Clinton before the…
